Federal dollars in education in 2010-11

Reading an article in Chronicle of Philanthropy (which, btw, looks and feels much leaner than just a few weeks ago — has the advertising dropped that rapidly?) on federal allocations for school reforms. The dollar amounts are noteworthy for their relative amounts:

  • $1.15B between 2009-2011 for i3 Fund: $650M in 2009-10 stimulus plus $500M in 2011
  • $950M for the Teacher and Leader Innovation Fund
  • $210M for Promise N’hoods.
  • … mentions the cool $50M Social Innovation Fund, too.

Notable, as I’ve heard the most mention of Promise Neighborhoods. And I’ve heard about i3 after that. But, there’s very little buzz in my world of email lists, relationships and people about the near 1B in Teacher/Leader. It’s amazing to me that the one that is 5x larger has had a fraction of the discussion. (again, from where i sit, stand and read)

Like with the bailout figures of yesteryears, only figures like those above could make $50,000,000 seem small.

What a venture wants …

I came across the site for Seattle firm Second Avenue Partners yesterday (after reading site of WA State Senate candidate Eric Liu). Their synopsis of what  business plan ought to answer includes:

Consider the following questions:
Is your company bringing a new technology-based product or service to market?
Is your company at the “seed” or first stages (i.e. raising less than $10 Million)?
Is your company headquartered in the Pacific Northwest United States?
Will your company offer 40%-60% compound annual returns on Second Avenue Partner’s’ money?
Are there multiple exit strategies for your company?

A different lens than the one-page business plan format/formula.

Appropriate reading as counterpoint to the Duration of Unemployment graphs from CalculatedRisk blog. Oh, that and Donald Peck article in the Atlantic on ‘How Jobless Era will transform America.’